PARIS, Jan 12 (Reuters) - Casino shareholders and creditors on Thursday gave the green light to a plan led by Czech billionaire Daniel Kretinsky to bail out the debt-ridden French retailer.

Sixteen out of 17 classes the shareholder and creditors were divided into to cast their votes - electronically and at a meeting held on Thursday - approved a draft protection procedure Casino entered into in October, Casino said in a statement on Friday.

The procedure allows its future leadership to finalise a deal to restructure the group's debt and revive its business,

In December 2023, it was extended by two months to Feb. 25.

Casino shareholders (class 7) voted 98.87% in favour of the procedure, while it enjoyed far less success among EMTN, high yield and treasury bonds creditors (class 3), who voted 68.55% in favour, and creditors holding perpetual subordinated notes (class 6) of whom 75.62% voiced their approval.

A new leadership team formed around Kretinsky is set later this year to take control of France's seventh-largest supermarket group by market share, which was brought to the verge of default after years of debt-fuelled acquisitions and recent losses in market share to rivals.

Current shareholders will be massively diluted under a restructuring deal which will end the 30-year reign of 74-year-old Jean-Charles Naouri, who controls Casino through his listed holding company Rallye.

Kretinsky's consortium will own and control 53.7% of Casino's share capital under the deal, which calls for 1.2 billion euros of new money to be injected into Casino, as well as a 6.1 billion euro reduction of Casino's debt. (Reporting by Dominique Vidalon and Piotr Lipinski; Editing by Benoit Van Overstraeten and Kim Coghill)

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A failing NHS trust blew £58,000 sending 14 staff on a fact-finding jolly to Las Vegas - including a five-night stay in a casino hotel.

The Princess Alexandra Hospital NHS Trust is rated as ‘requires improvement' by the care regulator and ended last year with a deficit of £13million.

But today it sought to defend the trip, which critics described as ‘obscenely expensive' and gambling not casino not games a ‘slap in the face for taxpayers'.

The delegation flew to the States for a technology conference in September, where they watched demonstrations of a new patient record system the Trust plans to adopt.

They stayed at the prestigious New York New York hotel, which boasts its own roller coaster, a replica of the Statue of Liberty and is located on the Las Vegas Strip.

The Princess Alexandra Hospital NHS Trust is rated as ‘requires improvement' blew £58,000 sending 14 staff on a fact-finding jolly to Las Vegas - including a five-night stay in the prestigious New York New York casino hotel, which boasts its own roller coaster 

The Trust, which has 27,426 people on its waiting lists, said admission to the conference cost around £600 per person, with the remainder of the spend covering flights, hotel and food

One company that attended the expo revealed on social networking site LinkedIn that they were delighted to meet three staff from the Trust, who ‘fought the jet lag to explore the nightlife in Freemont Street, where life comes at you fast'.

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